My experience is that banks don't come off their listing prices very much, so you have to wait til they drop to a good price them move quickly.

Save yourself the time.Or just wait till the listing expires!

If I had sold the home to someone without offering financing I could have had all of my money at the time of sale instead of having to wait for it and there is certainly a time value to money.

It basically states that the grantee is "prohibited from conveying property to a purchaser for three months from the date of the deed.Are they basically stating that we have to wait three moths after we close before we can retail the property to our buyer?

Lastly, asking them to act on this proposal ASAP minimizes us wasting each other's time.

Barry,If you buy a rental property first, you don't have to wait until you have the 20% cash to pay down.

Or do I have to wait untill the property is purchased?

Thus minimizing the amount of lending (the banks primary business function) the bank will be able to do.

Plus, by doing an assumption, we have very minimal personal equity at stake.

Originally posted by Taletha Waire:Hello Laurence I am still awaiting my phone call waiting for you to get back to me now.